NNPCL denies rumors that Group CEO Mele Kyari is stepping down, calling the speculation baseless. A spokesperson praised Kyari's leadership in driving the company's profitability and achieving a major production milestone. Despite a leadership restructuring, Kyari remains focused on advancing...
NNPCL has achieved a major milestone, reaching 1.8 million barrels per day (mbpd) in crude oil production. The company is on track to meet President Bola Tinubu's target of 2 million barrels per day by December 2024. Additionally, NNPCL has increased gas production to 7.4 mmscf.
The Nigerian...
NNPC Ltd. and Dangote Refinery have signed a landmark 10-year gas supply agreement, marking a major step for Nigeria's energy sector. The deal will supply 100 MMSCF/D of natural gas for the Dangote Refinery in Ibeju-Lekki, aligning with President Tinubu's industrial growth vision and enhancing...
NNPCL confirms its ownership stake in Dangote Refinery, refuting sabotage claims by owner Aliko Dangote. Mele Kyari, CEO of NNPCL, explains that the partnership was a strategic decision to secure a market for Nigeria’s growing oil production and support the country's energy self-sufficiency...
NNPC has denied importing adulterated petrol, responding to allegations amid protests over recent price hikes. The company, led by Mele Kyari, reaffirmed its commitment to quality standards and clarified that the GCEO is not responsible for fuel price increases, which have surged significantly...
Nigerian youths protested at the NNPCL towers in Abuja, demanding the resignation of Group CEO Mele Kyari due to rising fuel prices and economic hardship. Organized by civil society groups, protesters called for an end to fraudulent fuel subsidies and the importation of adulterated fuel.
A...
The Rivers State Government has refuted claims that Governor Siminalayi Fubara ordered the shutdown of the NNPC and oil companies, labeling the reports as false propaganda. Officials emphasized their commitment to governance and urged the public to ignore misleading information circulating on...
Aliko Dangote, President of Dangote Group, urged NNPC and fuel marketers to stop imports, asserting his refinery can meet Nigeria's daily fuel needs. With 500 million liters in storage, Dangote claims his facility can eliminate fuel queues and stabilize prices by supplying 30 million liters...
The World Bank has criticized the Nigerian National Petroleum Company Limited (NNPCL) for its lack of transparency and inconsistent financial reporting, which hinders oil revenue oversight. The ARMOR Report urges Nigeria to implement fiscal reforms and diversify its revenue sources as it seeks a...
Mele Kyari, CEO of NNPCL, mourns the loss of his 25-year-old daughter, Fatima, who passed away on Friday. Vice-President Kashim Shettima offered condolences during her funeral at Annur Mosque in Abuja. The community has expressed deep sorrow and support for the grieving family amid this tragic...
The Nigeria Labour Congress (NLC) is urging the federal government to reverse the recent fuel price hike implemented by the Nigerian National Petroleum Company Limited (NNPCL). With petrol prices rising to N1,030 in Abuja and N998 in Lagos, citizens express frustration over the economic impact...
Nigerians are outraged over a recent fuel price hike, with petrol prices rising to N1,030 per litre in Abuja and N998 in Lagos. Citizens express concerns about worsening poverty and demand action from President Bola Tinubu, highlighting the strain of increasing costs on their daily lives...
The Nigerian government has distanced itself from the recent petrol price hike, now reaching N1,030 per liter. Minister Mohammed Idris attributed the increase to global market volatility and stated that the NNPCL acted independently under the Petroleum Industry Act. Public reactions express...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) will meet with Dangote Refinery this week to discuss direct petrol lifting and potential price reductions. The collaboration aims to enhance petrol distribution and address supply challenges, with the hope of improving...
The Nigerian National Petroleum Company Limited (NNPCL) has authorized major marketers to lift petrol from Dangote Refinery, but independent marketers remain excluded. The new arrangement raises concerns over pricing and access, prompting calls for more transparency and an open market for all...
Nigerian petroleum marketers are demanding transparency from Dangote Refinery over its fuel pricing as the NNPCL announced new rates across the country. Marketers are also considering fuel imports to stabilize prices, citing concerns over Dangote’s production capacity, as domestic supply remains...
The Group Chief Branding and Communications Officer of Dangote, Anthony Chiejina, refuted claims regarding PMS pricing made by NNPCL spokesperson Olufemi Soneye. He emphasized that the official pricing announcement will come from the Technical Sub-Committee on Naira-based crude sales on October...
The NNPCL has announced purchasing fuel from Dangote Refinery at N898 per litre, contradicting earlier claims of N760. This move aims to enhance local production capacity, with NNPCL becoming the exclusive off-taker.
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it...
The NNPCL has commenced petrol loading operations at the Dangote Refinery, marking a significant milestone in Nigeria's fuel supply chain. This development has elicited mixed reactions from Nigerians, who express hopes for reduced fuel prices
In a significant development, the Nigerian National...
Devakumar V.G. Edwin, Vice President of Oil & Gas at Dangote Group, announced that the Nigerian National Petroleum Company Limited (NNPCL) seeks a permanent office at the Dangote Refinery. This collaboration aims to streamline crude oil supply and production, potentially alleviating fuel...
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